AVP, Operations Manager at Chubb

Fairylands, Hamilton, Bermuda -

Full Time

Start Date

Immediate

Expiry Date

03 Jun, 26

Salary

0.0

Posted On

05 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Team Management, Accounting, Internal Controls, Month End Close, Premium Registration, Process Improvement, Project Management, User Acceptance Testing, Auditing, Analytical Skills, Problem Solving, Critical Thinking, Organizational Skills, Communication, Time Management

Industry

Insurance

Description

Chubb Bermuda invites applications for the position of Assistant Vice President, Operations Manager. The successful applicant will report directly to the Vice President, Head of Operations. MAJOR DUTIES & RESPONSIBILITIES: * Responsible for insurance and ceded reinsurance premium registrations into our Genius underwriting database, including but not limited to: * Team management * Responsible for ensuring all accounting sub-ledger reports are accurate. Must have an ability to understand accounting implications and how reports impact various financial statement line items * Ensure standard operating procedures and guidelines are well documented and maintained * Ensure a strong system of internal controls is maintained * Execution of month end close process, cut-off and manager review of data/reports * Monitoring premiums receivable, lead role in resolution of registration issues related to unmatched cash settlements, liaising with Financial Operations Analyst and underwriters. * Hosting regular meetings with brokers to resolve any outstanding premium obligations. * Responsible for the allocation of all premium and claim payments. * Liaise with finance, claims, treasury and reinsurance teams related to operational matters. * Lead role in reporting to underwriting department heads and finance. * Liaising with underwriters to ensure registration contract data points are accurately reflected in submission tracking. * Lead process improvement and reengineering initiatives with recommendations and project management from design phase to user acceptance testing. * Providing support to underwriting teams as required. * Oversee on-going maintenance of Genius. * Co-ordinate work efforts with various department heads in Bermuda and in various offices overseas. Keep management informed on the status of various tasks and projects. * Delegate effectively to shared resources, supervising performance, review work product and provide feedback and coaching. * Involvement with internal and external audits including meeting with auditors and handling queries. * Completion of various ad hoc requests.

Responsibilities

The role is responsible for managing insurance and ceded reinsurance premium registrations, ensuring accounting sub-ledger reports are accurate, and overseeing the execution of the month-end close process. Key duties also involve leading process improvement initiatives, maintaining internal controls, and coordinating operational matters across various finance and underwriting teams.